Chris Becker

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Macro Morning

Not good for risk takers out there with Wall Street slumping overnight following a hawkish ECB which kept its rates on hold as expected, but signaled two more rate hikes coming very shortly. The USD smashed everything undollar with Euro down on the ECB hold while the Australian dollar broke through 71 cent level in

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Macro Afternoon

Asian share markets are wavering in confidence today after a poor lead from Wall Street overnight, with growth and inflation concerns, combined with higher commodity prices, not helping risk taking. The USD is on a tear against Yen, while the Australian dollar is slowly deflating below the 72 cent level against King Dollar. Oil prices

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Macro Morning

A three month high in oil prices saw Wall Street pushed down alongside cautious European stocks overnight, as inflation – or even stagflation – concerns mount across the risk complex. The USD was up slightly against Euro as traders position for the ECB meeting tonight, while Yen dropped to a new 20 year low against

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Macro Afternoon

Asian share markets are doing a lot better today with a solid lead from Wall Street, combined with higher commodity prices helping the risk taking. The USD is on a tear against Yen, while the Australian dollar is hovering at the 72 cent level against King Dollar. Oil prices are drifting slightly higher as the

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Macro Morning

Wall Street pushed ahead of cautious European stocks overnight, possibly caused by a lower than expected German factory orders print. The USD edged slightly lower against almost everything, but it was all relative as Euro remains relatively depressed while the post RBA rate hike is still keeping the Australian dollar around the 72 cent level.

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Macro Afternoon

The RBA surprised everyone with an outsized 50bps rate rise this afternoon, sending the Australian dollar briefly higher before it settled back below the 72 level from whence it started this morning. Asian share markets are somewhat mixed with some round tripping and uneasy price action the order of the day across the region, but

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Macro Morning

Last night saw Wall Street post some small gains while European stocks lurched forward following Friday’s release of the latest US non-farm payroll figures sent the USD higher against everything. Inflation risks are still showing everywhere with 10 year Treasury yields pushing through the 3% level again. Commodity prices were mixed with oil prices remaining

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Macro Afternoon

Asian share markets have started the trading week in robust fashion, except for local shares which are already pricing in a rate rise by the RBA tomorrow, plus the ongoing energy crisis. This bounceback from the firmer than expected US non-farm payrolls print from Friday night has seen a small bounce against the resurgent USD

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Macro Morning

Friday night saw the release of the latest US non-farm payroll aka monthly unemployment print, which came in slightly stronger than expected and keeps the foot on the Federal Reserve’s rate rise accelerator. This spooked stock markets somewhat with Wall Street falling, putting in a new weekly low in the process, so expect hesitation to

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Macro Afternoon

Share markets are having a relatively good final session for the trading week, as markets anticipate tonight’s US non-farm payrolls AKA unemployment rate print that will set the tone for risk taking for the rest of the month.  In currency land, the Australian dollar is holding on to its recent gains while Euro wants to

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Macro Morning

Wall Street rebounded and the USD fell back on the latest employment reports from the US before tonight’s official unemployment NFP print, with the possible indication of a pause or slowdown in rate rises burgeoning risk taking. Some Fed officials and the interest rate markets don’t believe as much though with the 10 year Treasury

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Macro Afternoon

It’s a sea of red across Asian share markets as confidence falters after another poor lead from Wall Street and European shares overnight as inflation and growth concerns dominate. In currency land, the Australian dollar is slowing losing ground as Euro and Pound Sterling moved lower against USD. Oil prices are sliding with Brent crude

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Macro Morning

Stock markets pulled back again last night following a stronger than expected ISM manufacturing print, pushing the USD up and sending bond yields higher, with the 10 year Treasury yield almost hitting the 3% level again. Euro dropped on more ECB hawkish talk of rate rises, with the Canadian central bank joining the party with

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Macro Afternoon

Another mixed session for Asian share markets reacting to the poor lead from Wall Street and European shares overnight which continue to be rattled by inflation concerns. In currency land, the Australian dollar took the latest GDP in its stride as Euro and Pound Sterling moved lower against USD. Oil prices are sliding with Brent

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Macro Morning

Stock markets pulled back last night with the return of Wall Street from its long weekend not embiggening further risk taking. The latest US consumer confidence print was higher than expected, but bond yields lifted on another confirmation of higher inflation in Europe, with yields for 10 year Treasuries pushed up towards the 2.9% level

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Macro Afternoon

A mixed session for Asian share markets after the previous solid start to the trading week, as traders await the return of the lead of Wall Street after a long weekend holiday. In currency land, USD is still moving lower against the majors, with Euro and Pound Sterling continue to lift while the Australian dollar

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Macro Morning

With Wall Street and other US markets closed for a holiday, momentum from Friday night’s exuberance on risk markets was enough to carry over and lead to more upside overnight. The record high German inflation print – now pushing 8% annualised – kept Euro elevated against USD while the bond futures market saw implied yields

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Macro Afternoon

Asian share markets have had a very solid start to the trading week, following through on the good mood from Friday night that saw multiple breakouts across risk markets. In currency land, USD is getting weaker despite the long weekend off for US traders, with Euro and Pound Sterling surging while the Australian dollar is

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Macro Morning

It’s breakouts everywhere on stock markets and most of their risk proxies with Wall Street continuing its bounce led by tech stocks while European shares also lifted as risk sentiment firms despite the usual Sell in May shenigans. The USD continues to fall back against the majors, particularly Euro while the Australian dollar has broken

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Macro Afternoon

Asian share markets have had a very solid finish to the trading week, following through on the good mood from overnight markets. In currency land, USD remains relatively weak against the majors, especially Yen while the Australian dollar has broken through the 71 cent barrier. Oil prices are inching higher, with Brent crude now hovering

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Macro Morning

The bounce is in with Wall Street continuing its post FOMC Minutes bounce, with European shares also lifting as risk sentiment begins to firm. The USD fell back against the majors, particularly Euro while the Australian dollar looks poised to breakout again. The bond market range traded, although the 10 year US Treasury yield pushed

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Macro Afternoon

Asian share markets are very mixed across the region, with only mainland shares in China rebounding as other markets continue to reflect volatile risk sentiment on overnight volatility. The Yuan dropped further today on more concerns about Chinese growth while other currency markets are seeing continued firming in USD although Yen is lifting on Governor

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Macro Morning

The release of the latest FOMC Minutes combined with the disappointing US durable goods order print saw Wall Street rebound overnight, with intrasession volatility reduced somewhat as European shares got some relief as Euro pulled back slightly in the wake of a stronger USD.  The bond market range traded, with the 10 year US Treasury

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Macro Afternoon

Asian share markets are rebounding somewhat outside of Japan with risk sentiment improving slightly on overnight volatility. The RBNZ surprised today with a 50bps rate rise, which sent AUDNZD to a three week low as expectations firm for the RBA to play catchup. Other currency markets are seeing some firming in USD with Euro pulling

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Macro Morning

Wall Street had the wobbles again overnight, led by a steep selloff in tech shares with European shares also unsteady with new PMI surveys coming in under expectations. The bond market saw some strength in response, with the 10 year US Treasury yield pushed down to the 2.7% level, with interest rate markets still continuing